Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining Limited, a Namibia-based, low-cost, high-margin tin-focused producer, has secured £8.1 million ($11 million) through a strategic private placement, strengthening its balance sheet as it scales production across its tin and critical minerals portfolio in Namibia.

The fundraising was completed through the issuance of 226.3 million new ordinary shares at 3.6 pence each, with participation from strategic investors. The transaction was arranged by Zeus Capital Limited and Hannam & Partners, who acted as joint bookrunners.

Funding to accelerate production growth

The capital injection is expected to support Andrada’s expansion programme at its flagship Uis operation, while also advancing exploration and development initiatives across its broader asset base.

According to management, the raise comes at a pivotal time for the company, as it seeks to capitalise on elevated commodity prices across tin and other critical minerals markets.

Chief Executive Officer Anthony Viljoen said the financing provides the necessary runway to scale operations and execute growth plans, adding that it completes the group’s current equity funding requirements.

Positioning in the critical minerals supply chain

Andrada operates a portfolio of mining and exploration assets focused on tin and other strategically important minerals used in electronics, clean energy technologies, and industrial applications. The company’s expansion strategy is anchored on increasing output while advancing resource development across its Namibian projects.

The Uis project remains central to its production growth strategy, while exploration programmes at Lithium Ridge and Brandberg West are already backed by strategic partners, including SQM and BWM CAM.

Market backdrop and outlook

The capital raise positions Andrada to benefit from strong commodity pricing dynamics, particularly in tin markets where demand is supported by electronics manufacturing and energy transition supply chains.

With its funding base now strengthened, the company is expected to push ahead with its expansion roadmap, aiming to scale production and deepen its footprint in the global critical minerals value chain.